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Fed Forms Financial Services Advisory Group

Thursday, April 1, 1999

The St. Louis Fed has established a District-wide Financial Services Advisory Group to facilitate the exchange of ideas relative to payments system issues. The group will encourage a dialogue between the Fed and financial institutions about product development, service improvements, marketing strategies and emerging issues.

Participating financial institutions will serve staggered two-year terms and will meet two or three times a year at Federal Reserve offices within the Eighth District.

"This initiative will provide valuable feedback from our customers," said Hank Bourgaux, senior vice president at the St. Louis Fed. "We look forward to hearing their views about our services and marketing, and using this information when developing our future strategies."

The members who will be serving three-year terms beginning this year include: Rowe W. Belcher Jr. of Trust One Bank in Germantown, Tenn.; Camden R. Fine of Midwest Independent Bank in Jefferson City, Mo.; Carolyn E. Hudson of Bank of Benton in Benton, Ky.; Don Hughes of Farmers Bank and Capital Trust Co. in Frankfort, Ky.; and Phil Porter of Bank of Bentonville in Bentonville, Ark.

Serving two-year terms are: Thomas Bangert of First Banks Inc. In St. Louis; James Clayton of Planters Bank and Trust Co. in Indianola, Miss.; Judy R. Loving of The Bank of Yellville in Yellville, Ark.; and Reynie Rutledge of First Security Bank in Searcy, Ark. The first meeting was held Feb. 10 at the St. Louis Fed. For more information, call Ronda Sauget at (314) 444-8698.